Refer to the information provided in Table 24.3 below to answer the question(s) that follow.
Table 24.3
-Refer to Table 24.3. At an output level of $1,200 billion, there is an unplanned inventory change of

Question

Refer to the information provided in Table 24.3 below to answer the question(s) that follow.
Table 24.3 
-Refer to Table 24.3. At an output level of $1,200 billion, there is an unplanned inventory change of

Quizplus · Accepted Answer

According to the table, at an output level of $1,200 billion, planned aggregate expenditure is $1,400 billion while actual aggregate expenditure is only $1,200 billion. This means there is an unplanned inventory change of negative $200 billion, as businesses have produced more than they were able to sell.

Refer to the Information Provided in Table 24